Development Services

HOUSING DEVELOPMENT FUNDING

Long Beach encourages the production of affordable housing and supports it by providing long-term residual receipts loans to affordable housing developers.  Funding is not available for site or land acquisition.  The City periodically makes funding available through a competitive Notice of Funding Availability (NOFA) process.  See below for current funding opportunities.

Funds totaling $5,000,000 are now available to be awarded to qualified housing developers. Eligible activities under the NOFA are limited to the construction of new rental housing units serving individuals or households earning at or below 60% of the Los Angeles County Median Income.

Low-cost loans are available to repair homes and apartment buildings. More information.